Macquarie Profit Leaps 30% on Boost from Energy Shock and Global Markets
Get caught up.
Good morning and happy Friday from a rather grey Melbourne. The millionaires’ factory — otherwise known as Macquarie — has reported full-year earnings this morning, and they’ve topped what markets were expecting.
Meanwhile, ahead of its budget next week, the government has tackled a long-running headache by announcing a new east coast gas reservation policy. It is something that has been talked about, teased and debated for years - now it appears to be the latest barnacle cleared by Prime Minister Albanese, who is also expected to reform controversial housing taxes next week.